Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PROSPECT, 5082 is already $655,000, which makes it the number 89th in SA on a list ordered by most expensive. Make sure that you get good PROSPECT mortgage broker to look for the best deal.
Between 2005 and 2011 the population of PROSPECT, 5082 grew an average of 125.40 people each year. This figure of 2581.60% per annum means PROSPECT is one of the fastest growing suburbs in SA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,755 which is $455 more every month. As a percentage rise, this makes PROSPECT, 5082 the number 2574th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, PROSPECT SA would be 3817th with 30.02.